AEPLF (AEP Plantations) Beneish M-Score: -2.70 (As of Jun. 25, 2026)


AEPLF AEP Plantations PLC AEPLF
70 GF Score
Price $2.17
GF Value $1.12
Valuation Significantly Overvalued
! 3 Warning Signs
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What is AEP Plantations Beneish M-Score?

AEP Plantations AEPLF 70 Beneish M-Score is -2.70 as of Jun. 25, 2026. GuruFocus rates AEPLF with a GF Score™ of 70/100 and a GF Value™ of $1.12 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,849 Consumer Packaged Goods companies, AEP Plantations ranks better than 65.66% on this metric.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -2.7 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for AEP Plantations's Beneish M-Score or its related term are showing as below:

AEPLF' s Beneish M-Score Range Over the Past 10 Years
Min: -3.24   Med: -2.7   Max: 2.35
Current: -2.7

During the past 13 years, the highest Beneish M-Score of AEP Plantations was 2.35. The lowest was -3.24. And the median was -2.70.


AEP Plantations Beneish M-Score Historical Data

* Premium members only.

The historical data trend for AEP Plantations's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AEP Plantations Beneish M-Score Chart

AEP Plantations Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beneish M-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.93 -2.85 2.35 -3.03 -2.70

AEP Plantations Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Beneish M-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.35 0.00 -3.03 0.00 -2.70

AEPLF vs ADM, BG, TSN: Beneish M-Score Comparison

For the Farm Products subindustry, AEP Plantations's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AEP Plantations Beneish M-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, AEP Plantations's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where AEP Plantations's Beneish M-Score falls into.


AEPLF
70GF Score
AEP Plantations PLC AEPLF
Beneish M-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AEP Plantations Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of AEP Plantations for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1.0249+0.528 * 0.8944+0.404 * 0.8935+0.892 * 1.2497+0.115 * 1.0109
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 1.193+4.679 * -0.036079-0.327 * 1.3067
=-2.63

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Dec25) TTM:Last Year (Dec24) TTM:
Total Receivables was $9.0 Mil.
Revenue was $465.2 Mil.
Gross Profit was $123.8 Mil.
Total Current Assets was $344.3 Mil.
Total Assets was $635.9 Mil.
Property, Plant and Equipment(Net PPE) was $158.6 Mil.
Depreciation, Depletion and Amortization(DDA) was $19.0 Mil.
Selling, General, & Admin. Expense(SGA) was $13.3 Mil.
Total Current Liabilities was $39.6 Mil.
Long-Term Debt & Capital Lease Obligation was $0.3 Mil.
Net Income was $90.9 Mil.
Gross Profit was $0.0 Mil.
Cash Flow from Operations was $113.8 Mil.
Total Receivables was $7.1 Mil.
Revenue was $372.3 Mil.
Gross Profit was $88.6 Mil.
Total Current Assets was $303.1 Mil.
Total Assets was $600.6 Mil.
Property, Plant and Equipment(Net PPE) was $156.9 Mil.
Depreciation, Depletion and Amortization(DDA) was $19.0 Mil.
Selling, General, & Admin. Expense(SGA) was $8.9 Mil.
Total Current Liabilities was $28.4 Mil.
Long-Term Debt & Capital Lease Obligation was $0.5 Mil.




1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(9.045 / 465.211) / (7.062 / 372.263)
=0.019443 / 0.01897
=1.0249

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(88.622 / 372.263) / (123.821 / 465.211)
=0.238063 / 0.266161
=0.8944

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (344.28 + 158.611) / 635.909) / (1 - (303.088 + 156.923) / 600.632)
=0.209178 / 0.234122
=0.8935

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=465.211 / 372.263
=1.2497

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(18.986 / (18.986 + 156.923)) / (18.958 / (18.958 + 158.611))
=0.107931 / 0.106764
=1.0109

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(13.282 / 465.211) / (8.909 / 372.263)
=0.02855 / 0.023932
=1.193

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((0.338 + 39.61) / 635.909) / ((0.453 + 28.423) / 600.632)
=0.06282 / 0.048076
=1.3067

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(90.882 - 0 - 113.825) / 635.909
=-0.036079

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

AEP Plantations has a M-score of -2.63 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -2.70 mean?
AEP Plantations (AEPLF) has a Beneish M-Score of -2.70 as of Jun. 25, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AEP Plantations and its competitors. According to the industry distribution chart, AEP Plantations ranks #635 out of 1849 companies in the Consumer Packaged Goods industry, placing it in the top 34.3%.
Is AEP Plantations' Beneish M-Score too high?
AEP Plantations' current Beneish M-Score is -2.70. Based on the distribution chart, AEP Plantations ranks #635 out of 1849 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, AEP Plantations has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AEP Plantations' Beneish M-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, AEP Plantations ranks #635 out of 1849 companies for Beneish M-Score. This puts AEP Plantations in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Consumer Packaged Goods company?
A good Beneish M-Score depends on the Consumer Packaged Goods industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on AEP Plantations and its competitors. AEP Plantations's current Beneish M-Score is -2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AEP Plantations stock overvalued right now?
Based on GuruFocus' analysis, AEP Plantations (AEPLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.12, compared to a current price of $2.17 — trading 93.6% above its estimated fair value. The current Beneish M-Score is -2.70. AEP Plantations' overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For AEP Plantations (AEPLF), the current Beneish M-Score is -2.70 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AEP Plantations (AEPLF) Overvalued in 2026?

Based on GuruFocus' analysis, AEP Plantations stock appears to be overvalued. The current stock price of $2.17 is trading 93.6% above its estimated GF Value™ of $1.12. GuruFocus considers AEP Plantations to be Significantly Overvalued.

Key valuation signals for AEPLF:

  • Beneish M-Score: -2.70
  • GF Value™: $1.12 vs. price of $2.17 (93.6% above fair value)
  • GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the AEPLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AEP Plantations Business Description

Other Exchanges AEPl:UKAEP:UK
Address 4 Thomas More Square, 6th Floor, Quadrant House, London, GBR, E1W 1YW
AEP Plantations PLC, formerly Anglo-Eastern Plantations PLC is engaged in the production and processing of palm oil and rubber. The company's segments include CPO (Crude Palm Oil), palm kernel and FFB (Fresh Fruit Bunches), Rubber, Shell nut, Biomass products, Biogas products, and others. The majority of the revenue is generated from the CPO, palm kernel, and FFB segment. The company's geographical segments include Indonesia and Malaysia, out of which Indonesia is further classified in North Sumatera, Bengkulu, South Sumatera, Riau, Bangka and Kalimantan. The majority of the revenue is generated from Indonesia.
70GF Score

Get the complete analysis for AEPLF

Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.17
Price
$1.12
GF Value